A press statement endorsed by Malaysians of all walks of life.
Too much made of The Economist Intelligence Unit Report
Bazuki Muhammad, REUTERS
Too much has been made of the recent report by The Economist Intelligence Unit (EIU), which is part of the magazine The Economist.
The Malaysian news agency Bernama spun it to make it appear a forecast of the upcoming general election result. It claimed the EIU predicted the ruling Barisan Nasional (BN) government “will” win the upcoming general election while the Opposition Pakatan Rakyat, for making “costly promises”, appears “a distant second”. It also said the EIU’s conclusion was based on BN’s “successful track record, Prime Minister Najib Abdul Razak’s reform agenda, and his successful economic leadership”. On the other hand, it added, “Pakatan’s populism has remained to be simply hot air”.
Rafizi Ramli, chief of strategy for one of Pakatan’s component parties, PKR, has, however, dismissed Bernama’s spin as being filled with incorrect information. “The report in itself is very neutral,” he said, “but because of Bernama and the way they spin it, it looks like The Economist is giving us a real thrashing.”
It has to be said, after looking at the EIU’s report, that Bernama has indeed coloured its report with subjective interpretation. Nowhere does the EIU state that BN will win the general election. It merely says that BN is “likely” to win, but also that “it will probably fail to attain the two-thirds parliamentary majority that would enable it to make constitutional changes unchallenged”. Neither does the EIU intimate that BN’s likely victory would be due to its “successful” track record and Najib’s “successful” economic leadership. The use of “hot air” is also Bernama’s own editorialising.
In fact, the EIU report actually says that the BN government “has spent lavishly in two consecutive budgets in order to please voters”. And, essentially, it sees the general election as “likely to be a tight race”, and does “not expect the outcome to lead to a dramatic improvement in the public finances”.
What the report really centres on is the likely financial outlook for Malaysia in the aftermath of the general election, hence its title ‘A fiscal bidding war’. Its priority is not really about predicting which side would win.
Even so, a closer analysis of the language the report uses could indicate a slight bias. For instance, it points out that Pakatan “is making many costly promises to the electorate in its eagerness to gain power” but these have “attracted less attention than the generosity” of the BN government. There appears a fair measure of editorialising in the choice of words like “eagerness to gain power”, which throws a negative hue on Pakatan, and “generosity”, which engenders positive connotations for what is really disputable spending on the part of BN.
It also singles out the Pakatan-led Selangor state government for having been accused, mainly by BN, of breaking its promises, having implemented only 15 per cent of its election pledges made in 2008. Why does it pick on the Selangor state government on this particular aspect while it overlooks the positive fiscal achievements accomplished by it and the Penang state government, which is also Pakatan-led?
In any case, the report appears to have been made from an armchair position as it says nothing new that clued-in Malaysians don’t already know about. And for all its professional reputation as a reliable assessor, the EIU is not privy to the country’s hidden accounts and offers no reading of the Malaysian ground sentiment. Its report should therefore be given only a fair amount of serious consideration.
its liken the US election.
the repulican used up all the nation treasury in war and let the democrates to be in power after which that balme the democrate of mismanagement. the democrates has already have an empty treasury that was emptied by the replublican in being the world policemen.
as it is if the pakatan comes to power, those debt were already there by the BN government, which now give the RM500 'angpows' for the first and second round, and promised of a RM1000 after the BN wins. all these are turn to debts by the government.
so its nothing new. nothing is new under the sun.
Nothing is new here. Another boohaa to discredit Opposition despite the neutrality claimed
Most of the so-called neutral media are pro-government. After been in power for so long, the tentacles of corruption have slithered into the system.
Malaysia is still able to sustain itself due to the abundance of natural resource. Take away that and you have only BN's lavish spendings, not "successful" ec0n0mic plannings. Unless the term 'successful' also include how successful they have been hiding away skeleton in the closet
what ever we can plant on the Malaysian ground for free and Singapore have to buy from us eg: daun pandan and many more but our currency 1 S$=RM2.50???
No more "cakap" or "tipu"
I am ready to VOTE.
Either Najid do a good job or BN do more than others... Please call for the GE 2013.
I wait and wait....and still wait and wait...
I become more angry and angry, as I need to VOTE for my angle....hahahahaha
Please let us put our future in "too much promise" team rather than "too much corruption" team.
These is easy choice; you want to change or not...
Peacefulness is no value, security is no value; hence we loss no value.
VOTE ofr some value: promise that difficult to keep or made the poor become rish...maybe
I believe here EIU tried to tell the truths, but Bernama people are clearly the knaves for misrepresenting the report in such a sinister way such as to confuse the narrow-minded who have allowed their shallow minds to be conditioned by the Malaysian mainstream media instead of opening up to the myriad of alternative information sources available.
Yes, you're right. I mean the latter are the bloody fools especially because they even pay for the trash they consume.
Based on Hishammuddin Hussein's recent handling of MH370, do you think he is Prime Minister material?
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- 33 %Yes
- 67 %No